There is a lot going on for the moment.
Most important things: month-end flows have triggered a wave of dollar buying. One of the reasons could be the FX-flows from equity fund managers due to the MSCI rebalancing exercise scheduled for tomorrow. 78 securities will be added and 99 will be deleted from the MSCI Global Standard Indices.
From the Washington Post: "Senior administration officials are considering the creation of a single agency to regulate the banking industry, replacing a patchwork of agencies that failed to prevent banks from falling into the worst financial crisis since the Great Depression, sources said. The agency would be a key element in the administration's sweeping overhaul of financial regulation, which officials hope to unveil in coming weeks, including the creation of a new authority to police risks to the financial system as well as a new agency to protect consumers, according to three people familiar with the matter. Most of the proposals would require legislation. The powers would include oversight of previously unregulated markets, such as the derivatives trade, and of market participants such as hedge funds. "
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Most important things: month-end flows have triggered a wave of dollar buying. One of the reasons could be the FX-flows from equity fund managers due to the MSCI rebalancing exercise scheduled for tomorrow. 78 securities will be added and 99 will be deleted from the MSCI Global Standard Indices.
From the Washington Post: "Senior administration officials are considering the creation of a single agency to regulate the banking industry, replacing a patchwork of agencies that failed to prevent banks from falling into the worst financial crisis since the Great Depression, sources said. The agency would be a key element in the administration's sweeping overhaul of financial regulation, which officials hope to unveil in coming weeks, including the creation of a new authority to police risks to the financial system as well as a new agency to protect consumers, according to three people familiar with the matter. Most of the proposals would require legislation. The powers would include oversight of previously unregulated markets, such as the derivatives trade, and of market participants such as hedge funds. "
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